Adani Ports and SEZ reports 26% rise in Q3 consolidated net profit
Adani Ports and Special Economic Zone has reported results for third quarter ended December 31, 2016.
The company has reported 17.01% rise in its net profit at Rs 744.34 crore for the quarter under review as compared to Rs 636.14 crore for the same quarter in the previous year. Total income of the company increased by 19.71% at Rs 1607.86 crore for the quarter under review as compared Rs 1343.12 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 25.83% rise in its net profit at Rs 849.75 crore for the quarter ended December 31, 2016, as compared to Rs 675.32 crore for the same quarter in the previous year. Total income of the company increased by 29.49% at Rs 2429.56 crore for the quarter under review as compared Rs 1876.26 crore for the corresponding quarter previous year.
Technical Levels for Adani Ports
Support at 300 and Resistance 315
Stock looks positive can could touch its resistance level of 315 above 315 we can expect upside move till 320—330+ mark else could touch its support level of 300.00
Looks weak below 300.00
More will update soon!!
